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Understanding the Table:
The comparison table above helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
Sending money to Philippines can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.
Using your Bank to make international wire transfers to India can be especially expensive – often 5% to 10% worse than using a foreign exchange specialist to send to Philippines bank accounts or pay a Philippine peso invoice.
Hong Kong dollar (HKD) to Philippine peso (PHP) market data - latest interbank exchange rate, trend, chart & historic rates.
HKD/PHP Outlook: Bearish, as the rate is below its recent average and near recent lows, weighed down by market expectations.
USD/PHP Outlook: Bearish, with the rate currently below its recent average and near recent lows.
EUR/PHP Outlook: Bearish, with the rate currently below its recent average and near recent lows, largely influenced by euro weakness amid geopolitical tensions.
To help you understand the real-world value of the current exchange rate, the table below shows how much Hong Kong dollar are worth in Philippine peso across a range of amounts.
This gives a quick view of what you’d get when converting different HKD amounts at today’s rate * :
| HKD | PHP |
|---|---|
| HK$ 1,000 | ₱ 7,400 |
| HK$ 5,000 | ₱ 36,999 |
| HK$ 20,000 | ₱ 147,994 |
| HK$ 100,000 | ₱ 739,970 |
More amounts
*Converted at the current HKD-PHP interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The best HKD to PHP exchange rate is 7.3812 from OFX . This is -0.25% compared to the mid-market rate 7.3997.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Hong Kong dollar (HKD) to Philippine peso (PHP) rates from different sources before making a conversion.
The above Hong Kong dollar to Peso comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest HKD-PHP mid-rate and the possible savings of using various providers.
Looking at the full HKD to PHP - Send Money comparison table the provider with the best HKD to PHP exchange rate is OFX at 7.3812, -0.25% from the latest mid-market rate 7.3997.
The next best is XE at 7.3553, -0.6% from the mid-rate.
Then Wise at 7.2916, which is -1.5% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.
View a full list of exchange rates by selecting your Base (from) currency:
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